Fruitland Park property values are stable, but growth isn’t remarkable. The market recovered from the lows it faced, and it’s finally starting to level off. Holding out on a sale to see if property values increase won’t get substantial results. Values will keep up with normal inflation, especially since the surrounding area has remained virtually the same for years.
There are some substantial negative effects on the Fruitland Park housing market. Most properties will sell within a few months, and about 11% of them will sell at a price cuts. Price cuts are never ideal, but they’re even less ideal when property values are low. People who are looking to sell an old home to buy a new one want to pinch as many pennies as possible.
Those pennies mean a lot to Fruitland Park homeowners, especially since nearly 2% of them are facing foreclosure and more than 9% of them are dealing with negative equity. This means that about 11% of homeowners are facing financial pressure to sell, and they’re trying their best to resolve a debt.